Investors prefer direct lending to CLOs
For the first time in the history of Creditflux’s credit allocator survey, investors have voted direct lending the best investment in credit. CLOs came joint second. By Michelle D’souza

Rating outlook: It's a matter of life and spread for CLO managers
Stabilisation of loan spreads and recovery rates spells good news for European CLO managers

"Reissue" proves popular as ICG prices euro CLO triple As at 85bp
Triple A spreads have hit their tightest levels in four months after ICG "reissues" a CLO    

BlackRock prices triple As at 85bp in new European CLO
BlackRock priced its second new issue European CLO of 2017 yesterday

GSO markets its third European CLO of 2017
GSO Capital Partners is readying its third European CLO of the year, according to market sources

Direct lender opens warehouse ahead of unique European CLO launch
The union of direct lending and CLOs has moved a step closer in Europe, with a fund manager paving the way for the first direct lending securitisation of its kind

Euro league tables: PGIM retains CLO lead as Citi tops arranger ranking
Our ranking of CLO issuance this year shows that PGIM is the most active CLO manager with three new issues in 2017, while Barclays leads the way in CLO underwriting

Axa IM returns to European CLO market with refi of 2015 deal
Axa Investment Managers priced the tightest triple A print of the year in its first transaction since 2016

Euro CLO round-up: spreads tighten as 2017 volumes hit €33 billion
There was a little bit of everything on show last week in Europe with one new issue, one reset and two refis pricing in the CLO market

Goldman Sachs prices London CLO manager's first new deal of 2017
The manager has priced its first new issue CLO since December 2016, according to market sources

European CLO manager reaches 100% refi/reset record
A London-based credit firm teamed up with BAML to price a reset of a 2015 European CLO yesterday

Cairn appoints Burke and Godall as co-chief investment officers
Cairn Capital has appointed Andrew Burke and Asif Godall as co-chief investment officers

Danish manager lists two new CLO-focused funds with assets of €74 million
Danish asset manager Accunia has listed two new alternative investment funds on the Copenhagen stock exchange

Seer's Lamont set to join European credit firm as managing partner
European merchant bank has signalled big plans in structured credit by hiring a well-known former Deutsche Bank figure

Infrastructure-backed CLOs return as $450 million deal prices
An investment bank affiliate has priced the first CLO backed by infrastructure assets since the financial crisis

Experienced CLO trader joins Orchard in London
Structured credit specialist adds a portfolio manager, who previously served at Deutsche Bank and Brevan Howard, to its team in London

GSO's 2017 euro CLO issuance jumps over €3 billion following refi
GSO priced its ninth transaction in the European CLO market this year, according to market sources

Europe CLO round-up: issuance tops €30 billion as Accunia and Tikehau price
European CLO volumes have now surpassed €30 billion for the year. New issue, resets and refinancings have contributed 38.3%, 33.61% and 28.1% respectively to 2017’s total.

Oak Hill launches new CLO-focused hedge fund
Oak Hill Advisors has so far raised $77.4 million for an offshore fund that invests in CLOs, filings suggest

ICG set to become latest manager to "reissue" a CLO in €438 million deal
What do you to a CLO that has already been refinanced and is barred from further refis or resets? Reissue it, a new industry trend suggests

French asset manager prices its first CLO of 2017
A Paris-based firm priced the €435.15 million deal yesterday, according to market sources

Accunia prices its second CLO in €386.6 million transaction
Accunia European CLO II priced yesterday in a deal arranged by Deutsche Bank

Alcentra European CLO refi sees triple As price at 84bp
Alcentra has priced its seventh transaction in the European CLO market this year in a deal arranged by Barclays

PGIM brings its European CLO issuance over €2 billion following reset
PGIM has priced its first European CLO reset of the year in a €510.7 million transaction

Price talk tightens on upcoming Accunia European CLO
Deutsche Bank has upsized the CLO it is currently finalising with Copenhagen's Accunia, according to market sources